The Bangladesh Export Processing Zones Authority (BEPZA) has secured investments totaling US$480 million from 32 local & foreign companies in the 2024-25 fiscal year until May 13.
The investments secured at the Export Processing Zones (EPZs) and the BEPZA Economic Zone (EZ), reaffirm its pivotal role in driving Bangladesh’s industrial growth, according to a press release on Tuesday.
As part of this significant investment drive, BEPZA on Tuesday signed a lease agreement with Qingdao Dongfang Packaging Technology Limited, a Chinese company, to establish a packaging and accessories manufacturing industry in the Ishwardi EPZ.
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The signing ceremony took place at the BEPZA Complex in Dhaka, in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.
Md. Ashraful Kabir, member (Investment Promotion) of BEPZA, and Song Shiliang, chairman of Qingdao Dongfang Packaging Technology Limited, signed the agreement on behalf of their respective organisations.
Qingdao Dongfang Packaging Technology will invest US$ 4.5 million to produce 5.25 million dozen poly bags, hang tags, and paper tags annually, creating employment opportunities for 240 Bangladeshi nationals.
Speaking at the event, BEPZA executive chairman expressed gratitude to Qingdao Dongfang Packaging for choosing Ishwardi EPZ as their investment destination.
He emphasised BEPZA's commitment to providing a secure and supportive environment for investors, encouraging the company and other Chinese investors to explore further investment opportunities across diverse sectors.